Deckers Outdoor Corporation $DECK Shares Sold by Achmea Investment Management B.V.

Key Points

• Achmea Investment Management trimmed its Deckers Outdoor stake by 7.7% in Q3, selling 10,488 shares and now holds 124,853 shares valued at about $12.66 million, while institutional investors own roughly 97.79% of the stock.
• Deckers beat expectations in the latest quarter with $3.33 EPS vs. $2.77 expected and $1.96B revenue vs. $1.87B expected; analysts maintain a consensus "Moderate Buy" with a $125.20 target.
• Insider selling has picked up recently, with executives (including Anne Spangenberg and director Lauri Shanahan) selling a combined 9,092 shares worth about $1.05 million over the past three months.

Achmea Investment Management B.V. lowered its holdings in Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 7.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 124,853 shares of the textile maker's stock after selling 10,488 shares during the period. Achmea Investment Management B.V. owned about 0.09% of Deckers Outdoor worth $12,656,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. American National Bank & Trust raised its position in shares of Deckers Outdoor by 77.4% during the third quarter. American National Bank & Trust now owns 243 shares of the textile maker's stock worth $25,000 after purchasing an additional 106 shares during the period. True Wealth Design LLC boosted its position in shares of Deckers Outdoor by 2,440.0% in the 3rd quarter. True Wealth Design LLC now owns 254 shares of the textile maker's stock valued at $26,000 after purchasing an additional 244 shares during the period. Geneos Wealth Management Inc. increased its stake in Deckers Outdoor by 330.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker's stock worth $29,000 after purchasing an additional 215 shares in the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new stake in Deckers Outdoor during the 3rd quarter worth about $30,000. Finally, Rakuten Securities Inc. raised its holdings in Deckers Outdoor by 45.5% during the 2nd quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker's stock worth $33,000 after buying an additional 100 shares during the period. 97.79% of the stock is currently owned by institutional investors.

Deckers Outdoor Stock Performance

Shares of DECK opened at $104.61 on Thursday. The firm has a market cap of $14.85 billion, a PE ratio of 14.77, a PEG ratio of 2.39 and a beta of 1.15. The firm's 50 day moving average price is $108.73 and its 200 day moving average price is $102.69. Deckers Outdoor Corporation has a twelve month low of $78.91 and a twelve month high of $133.43.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its quarterly earnings results on Thursday, January 29th. The textile maker reported $3.33 EPS for the quarter, topping the consensus estimate of $2.77 by $0.56. Deckers Outdoor had a net margin of 19.46% and a return on equity of 41.60%. The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the prior year, the business posted $3.00 EPS. Deckers Outdoor's quarterly revenue was up 7.1% on a year-over-year basis. On average, sell-side analysts anticipate that Deckers Outdoor Corporation will post 5.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on DECK shares. Guggenheim started coverage on shares of Deckers Outdoor in a report on Tuesday, December 9th. They issued a "neutral" rating for the company. Weiss Ratings restated a "hold (c)" rating on shares of Deckers Outdoor in a report on Wednesday, January 21st. Stifel Nicolaus raised their price objective on shares of Deckers Outdoor from $117.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, January 30th. Truist Financial set a $132.00 price objective on shares of Deckers Outdoor in a research report on Friday, January 30th. Finally, Evercore set a $108.00 target price on shares of Deckers Outdoor in a research note on Friday, January 30th. Three analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $125.20.

Insiders Place Their Bets

In other Deckers Outdoor news, insider Anne Spangenberg sold 4,063 shares of the firm's stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $116.02, for a total transaction of $471,389.26. Following the transaction, the insider directly owned 80,449 shares in the company, valued at $9,333,692.98. This trade represents a 4.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lauri M. Shanahan sold 4,682 shares of the business's stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $114.84, for a total value of $537,680.88. Following the completion of the sale, the director directly owned 25,026 shares of the company's stock, valued at $2,873,985.84. This represents a 15.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 9,092 shares of company stock valued at $1,048,552 over the last three months. 0.40% of the stock is currently owned by insiders.

About Deckers Outdoor

Deckers Outdoor Corporation is a global designer, marketer and distributor of footwear, apparel and accessories. The company's product portfolio includes well‐known brands such as UGG, HOKA, Teva, Sanuk and Koolaburra by UGG, spanning a range of lifestyle, performance and outdoor categories. Deckers leverages a blend of proprietary manufacturing, strategic brand storytelling and direct‐to‐consumer retail to serve both fashion‐focused and performance‐oriented customers.

Founded in 1973 by Doug Otto and Karl F.

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